Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Canada
  4. CANADIAN NATIONAL STOCK EXCHANGE
  5. SLANG Worldwide Inc.
  6. News
  7. Summary
    SLNG   CA8310062002

SLANG WORLDWIDE INC.

(SLNG)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

SLANG Worldwide Inc. signed a definitive merger agreement to acquire High Fidelity, Inc. for $11.1 million.

06/28/2021 EDT

SLANG Worldwide Inc. (CNSX:SLNG) signed a definitive merger agreement to acquire High Fidelity, Inc. for $11.1 million on June 25, 2021. At the closing of the Merger, SLANG will pay $12 million by issuing an aggregate of 31,578,947 restricted voting shares in the capital of SLANG and paying $3 million in cash. At the 18-month anniversary of the closing of the Merger, SLANG will pay $0.25 million by issuing 657,894 SLANG Shares and paying $2 million in cash. Pursuant to the Merger Agreement, SLANG may issue additional SLANG Shares upon the achievement of certain performance milestones. Shayne Lynn, President of High Fidelity, Inc. will join SLANG’s leadership team and is expected to join the Company’s board of directors upon closing of the Merger. Completion of the Merger remains subject to the satisfaction or waiver of all conditions precedent in the Merger Agreement, including the receipt of the approval of the State of Vermont’s Department of Public Safety and any other government authority whose approval is required. Closing of the Merger is expected to occur in Q3 2021. Merger delivers an accretive transaction on prospective Adjusted EBITDA basis. Arnold & Porter Kaye Scholer LLP acted as a legal advisor to SLANG Worldwide Inc., William A. Mason of Gravel and Shea and Erica Rice of Foley Hoag LLP acted as a legal advisor to High Fidelity, Inc.


ę S&P Capital IQ 2021
All news about SLANG WORLDWIDE INC.
08/26SLANG Worldwide Inc. Announces Earnings Results for the Second Quarter Ended June 30, 2..
CI
08/26Slang Worldwide Inc. Appoints Shayne Lynn to Board Changes
CI
08/12SLANG Worldwide Inc. completed the acquisition of High Fidelity, Inc.
CI
08/04Slang Worldwide Inc. Returns to California Market Through Strategic Partnership with Na..
CI
08/04SLANG Worldwide Returns to California Market through Strategic Partnership with Natura
NE
07/14SLANG Worldwide Launches O.pen Daily Strains and District Edibles Products in Washingto..
CI
07/14SLANG Worldwide Launches O.pen Daily Strains and District Edibles Products in Washingto..
NE
07/05Cannabis Investor Conference Presentations Now Available for On-Demand Viewing
AQ
06/28SLANG Worldwide Creates Third Core Market with Signing of Definitive Merger Agreement t..
NE
06/28SLANG Worldwide Inc. signed a definitive merger agreement to acquire High Fidelity, Inc..
CI
More news
Financials
Sales 2021 48,6 M 38,4 M 38,4 M
Net income 2021 -18,6 M -14,7 M -14,7 M
Net Debt 2021 - - -
P/E ratio 2021 -
Yield 2021 -
Capitalization 121 M 95,5 M 95,7 M
Capi. / Sales 2021 2,49x
Capi. / Sales 2022 1,78x
Nbr of Employees -
Free-Float 89,1%
Chart SLANG WORLDWIDE INC.
Duration : Period :
SLANG Worldwide Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 2
Last Close Price 0,21 CAD
Average target price 0,38 CAD
Spread / Average Target 78,6%
EPS Revisions
Managers and Directors
Chris Driessen President, Chief Executive Officer & Director
Mikel Rutherford Chief Financial Officer
Peter William J. Miller Executive Chairman
Johnathan Moynan COO, Secretary & General Counsel
Keith J. Stein Independent Director
Sector and Competitors
1st jan.Capi. (M$)
SLANG WORLDWIDE INC.-34.38%95
CURALEAF HOLDINGS, INC.2.36%8 652
BEIJING TONGRENTANG CO., LTD32.38%6 711
CANOPY GROWTH CORPORATION-43.77%5 456
DONG-E-E-JIAO CO.,LTD.-11.13%3 426
CRONOS GROUP INC.-18.44%2 120